Page 5 - Fintech
B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global
Existing Investors Quona Capital and Ankur Capital also participated in the round, along with Better Capital. This is Rupifi's second investment round in nine months, since its Pre-Series A last March
 "B2B payments fintech Rupifi raises $25 mn from Bessemer, Tiger Global")
India digital loan apps blamed for mafia-like collection tactics, suicides
Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.
 "India digital loan apps blamed for mafia-like collection tactics, suicides")
Fintech firm Slice plans to hire 800 people across verticals in 2022
Fintech company Slice on Tuesday announced that it is planning to hire close to 800 people across various posts in the operations, design, product, and engineering verticals in the coming year.
 "Fintech firm Slice plans to hire 800 people across verticals in 2022")
Why fintech, acceptance of digital firms in markets were 2021's high points
The significance of the fintech revolution is evident from the fact that India has 14 fintech unicorns, and six of the top eight are payment companies
 "Why fintech, acceptance of digital firms in markets were 2021's high points")
Banks, fintechs' competition must lead to collaboration: Accenture exec
Regulated Central Bank Digital Currency is a 'promising solution for an increasingly digital world', says Sonali Kulkarni.
 "Banks, fintechs' competition must lead to collaboration: Accenture exec")
IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups
The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.
 "IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups")
Fintech startup Khatabook plans to double employee base in 2022
The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams
 "Fintech startup Khatabook plans to double employee base in 2022")
IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups
The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion
 "IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups")
Fintech start-up Minko gets $1.5 mn in funding to expand business
Company announces a B2B payments stack for offline distributors and retailers.
Central Bank of India ink co-lending deal with fintech U GRO Capital
MSME lending fintech platform, U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India.
 "Central Bank of India ink co-lending deal with fintech U GRO Capital")
Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital
The funding will help drive BharatX's delivery of seamless Embedded Credit experiences on many consumer-facing platforms, with zero credit risk and zero operational headaches for the platforms
 "Fintech firm BharatX raises $250,000 in pre-seed round led by Java Capital")
Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3
The value of loans disbursed through the platform increased 375 per cent YoY to Rs 1,320 crore ($178 million) in the first two months of the quarter
 "Paytm's loan disbursals up 375% at Rs 1,320 cr in first two months of Q3")
Razorpay eyes $90-bn TPV, launches new solutions to enhance experience
Fintech major Razorpay said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume to touch $90 billion by end of next year
 "Razorpay eyes $90-bn TPV, launches new solutions to enhance experience")
LenDenClub raises $10 mn in funding round, plans $1 bn loan book by FY23
Founded in 2016, LenDenClub uses technology to bring borrowers and investors on its platform.
 "LenDenClub raises $10 mn in funding round, plans $1 bn loan book by FY23")
What explains the lure of pay-later cards like Slice and Uni?
New pay-later cards are making their way into people's wallets, who don't even have a credit history. Let us find out why these pay-later cards are catching up and what is luring people towards them
 "What explains the lure of pay-later cards like Slice and Uni?")
Best of BS Opinion: Next big tech revolution, status quo on rates, and more
Here is the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Next big tech revolution, status quo on rates, and more")
Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai
India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum
 "Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai")
Fintech helping tackle black money, low tax-GDP ratio: Rajeev Chandrasekhar
In a jibe that seemed to be directed at China, the Union minister said that India is boosting its digital economy and entrepreneurs at a time when some countries are demolishing their start-ups
 "Fintech helping tackle black money, low tax-GDP ratio: Rajeev Chandrasekhar")
Need to convert Fintech initiatives into Fintech revolution: PM Modi
Prime Minister Narendra Modi underlined the need for converting Fintech initiatives into Fintech revolution to provide a low-cost and reliable payment system to the masses
 "Need to convert Fintech initiatives into Fintech revolution: PM Modi")
The wrong regulator for fintech
There has to be accountability for the central bank's errors in the past
 "The wrong regulator for fintech")
